Traeger Q4 revenues down 21% to $138.1M; full-year net loss $382.1M includes $222.3M impairment

Traeger, Inc.

Q4 revenues $138.1M (-21% YoY); grills revenue down 52% to $48.3M, accessories up 36% to $65.4M via MEATER.
Full-year net loss $382.1M includes $222.3M goodwill impairment; adjusted EBITDA $41.5M, above guidance.
Q4 adjusted net loss $8.3M ($0.07/sh) vs prior year adj. net income $2.9M ($0.02/sh); gross margin 34.5% vs 37%.
Provides 2023 outlook: expects return to topline growth in H2 as channel inventories normalize; targets adj. EBITDA growth.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Traeger, Inc. reported fourth quarter ended December 31, 2022 results: revenue $138.1 million, net income $28.9 million net loss, EPS $0.24 per share net loss.

Period: fourth quarter ended December 31, 2022
Revenue: $138.1 million
Net income: $28.9 million net loss
EPS: $0.24 per share net loss
Result: reported results

Exact text from the filing

Fourth Quarter Results • Total revenues decreased 21.0% to $138.1 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Traeger, Inc. reported full year ended December 31, 2022 results: revenue $655.9 million, net income $382.1 million net loss including a non-cash impairment charge of $222.3 million, EPS $3.19 per share net loss.

Period: full year ended December 31, 2022
Revenue: $655.9 million
Net income: $382.1 million net loss including a non-cash impairment charge of $222.3 million
EPS: $3.19 per share net loss
Result: reported results

Exact text from the filing

Full Year 2022 Results • Total revenues decreased 16.5% to $655.9 million, exceeding prior guidance of $635 million to $640 million

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Traeger, Inc. filing history →

Source: SEC EDGAR

accession 0001857853-23-000015

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